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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK BBA mortgage approvals recorded a rise in October
In October, BBA mortgage approvals in the UK climbed to 40.85 K, compared to a revised reading of 38.69 K in the prior month. Market expectation was for BBA mortgage approvals to advance to 38.98 K.
German GDP advanced as expected in 3Q 2016
In 3Q 2016, the non-seasonally adjusted final gross domestic product (GDP) climbed 1.50% on an annual basis in Germany, meeting market expectations. The preliminary figures had also indicated an advance of 1.50%. In the prior quarter, GDP had advanced 3.10%.
German Ifo business expectations index fell in November
Compared to a reading of 106.10 in the previous month the Ifo business expectations index eased to 105.50 in November, in Germany. Market expectation was for the Ifo business expectations index to drop to a level of 106.00.
German GDP advanced as expected in 3Q 2016
On a quarterly basis, the seasonally adjusted final GDP climbed 0.20% in Germany, in 3Q 2016, in line with market expectations. GDP had recorded a rise of 0.40% in the previous quarter. The preliminary figures had also recorded an advance of 0.20%.
German government spending advanced more than expected in 3Q 2016
Government spending in Germany climbed 1.00% in 3Q 2016 on a QoQ basis, higher than market expectations for an advance of 0.60%. Government spending had registered a revised rise of 1.20% in the prior quarter.
German construction investment rose less than expected in 3Q 2016
In 3Q 2016, construction investment recorded a rise of 0.30% on a QoQ basis in Germany, compared to a revised drop of 1.90% in the previous quarter. Markets were expecting construction investment to climb 0.60%.
German imports rose less than expected in 3Q 2016
In 3Q 2016, imports registered a rise of 0.20% in Germany on a quarterly basis, compared to a revised rise of 0.10% in the previous quarter. Market expectation was for imports to climb 0.30%.
German capital investment remained steady in 3Q 2016
Capital investment in Germany remained steady on a QoQ basis in 3Q 2016, lower than market expectations for a rise of 0.30%. In the previous quarter, capital investment had dropped by a revised 1.60%.
German exports fell more than expected in 3Q 2016
Exports in Germany eased 0.40% on a QoQ basis in 3Q 2016, higher than market expectations for a drop of 0.30%. In the prior quarter, exports had climbed 1.20%.
German Ifo current assessment index recorded an unexpected rise in November
In Germany, the Ifo current assessment index climbed unexpectedly to 115.60 in November, compared to market expectations of a drop to 115.00. The Ifo current assessment index had recorded a revised reading of 115.10 in the prior month.
German private consumption rose more than expected in 3Q 2016
Private consumption in Germany registered a rise of 0.40% in 3Q 2016 on a quarterly basis, more than market expectations for an advance of 0.30%. Private consumption had registered a rise of 0.20% in the prior quarter.
German consumer confidence index climbed unexpectedly in December
In December, the consumer confidence index rose unexpectedly to a level of 9.80 in Germany, compared to a reading of 9.70 in the prior month. Market expectation was for the consumer confidence index to record a flat reading.
German domestic demand advanced as expected in 3Q 2016
In 3Q 2016, domestic demand in Germany recorded a rise of 0.50% on a quarterly basis, in line with market expectations. Domestic demand had fallen by a revised 0.10% in the previous quarter.
German GDP advanced as expected in 3Q 2016
On a YoY basis in Germany, the working day adjusted final GDP recorded a rise of 1.70% in 3Q 2016, compared to a rise of 1.80% in the previous quarter. Market expectation was for GDP to advance 1.70%. The preliminary figures had also recorded a rise of 1.70%.
German Ifo business climate index remained unchanged in November
The Ifo business climate index remained steady at a level of 110.40 in Germany, in November, compared to market expectations of an advance to 110.50.
French own-company production outlook registered an unexpected drop in November
In November, own-company production outlook eased unexpectedly to a level of 7.00 in France, compared to market expectations of an advance to a level of 10.00. In the prior month, own-company production outlook had registered a level of 9.00.
French industrial business climate index steadied in November
The industrial business climate index remained unchanged at 102.00 in France, in November, higher than market expectations of a drop to 101.00.
French production outlook indicator advanced in November
In November, the production outlook indicator registered a rise to 3.00 in France, higher than market expectations of an advance to 2.00. In the prior month, the production outlook indicator had recorded a revised level of 1.00.
Italian wage inflation climbed in October
The wage inflation in Italy rose to a level of 0.10% in October. In the previous month, the wage inflation had recorded a reading of 0.00%.
Italian annual wage inflation steadied in October
The annual wage inflation remained steady at 0.60% in October, in Italy.
Spanish GDP rose as expected in 3Q 2016
In Spain, the final GDP registered a rise of 3.20% on a YoY basis in 3Q 2016, compared to a similar rise in the prior quarter. The preliminary figures had also indicated an advance of 3.20%. Markets were expecting GDP to climb 3.20%.
Spanish GDP advanced as expected in 3Q 2016
On a quarterly basis, the final GDP advanced 0.70% in 3Q 2016, in Spain, compared to an advance of 0.80% in the prior quarter. Markets were expecting GDP to rise 0.70%. The preliminary figures had also recorded an advance of 0.70%.
Swiss industrial production registered a rise in 3Q 2016
On an annual basis, industrial production in Switzerland climbed 0.40% in 3Q 2016. In the prior quarter, industrial production had fallen by a revised 1.30%.
Foreign investors turned net sellers of Japanese bonds in the previous week
Ministry of Finance has reported that foreign investors turned net sellers of ¥1106.80 billion worth of Japanese bonds in the week ended 18 November 2016, as compared to being net buyers of a revised ¥420.10 billion worth of Japanese bonds in the previous week.
Japanese coincident index rose in September
In September, the final coincident index in Japan registered a rise to 112.70. The coincident index had recorded a reading of 112.00 in the previous month. The preliminary figures had recorded a rise to 112.10.
Japanese Tokyo CPI excluding fresh food declined as expected in November
In November, Tokyo CPI excluding fresh food in Japan eased 0.40% on an annual basis, in line with market expectations. In the prior month, Tokyo CPI excluding fresh food had registered a similar fall.
Japanese investors became net buyers of foreign stocks in the previous week
Japanese investors were net buyers of ¥672.40 billion worth of foreign stocks in the week ended 18 November 2016, as compared to being net buyers of a revised ¥339.80 billion worth of foreign stocks in the previous week.
Japanese national CPI registered an unexpected rise in October
In Japan, the national consumer price index (CPI) recorded an unexpected rise of 0.10% in October on an annual basis, compared to a fall of 0.50% in the prior month. Market expectation was for the national CPI to record a flat reading.
Japanese corporate service price index advanced more than expected in October
The corporate service price index advanced 0.50% on a YoY basis in Japan, in October, compared to a revised rise of 0.20% in the prior month. Market anticipation was for the corporate service price index to advance 0.30%.
Japanese National CPI ex-fresh food dropped as expected in October
In October, National CPI ex-fresh food eased 0.40% on a YoY basis in Japan, in line with market expectations. In the prior month, National CPI ex-fresh food had dropped 0.50%.
Japanese Tokyo CPI advanced more than expected in November
Tokyo CPI rose 0.50% on an annual basis in November, in Japan, compared to a revised advance of 0.10% in the previous month. Markets were expecting Tokyo CPI to climb 0.20%.
Japanese National CPI ex-food, energy rose more than expected in October
On a YoY basis in Japan, National CPI ex-food, energy climbed 0.20% in October, more than market expectations for an advance of 0.10%. National CPI ex-food, energy had recorded an unchanged reading in the prior month.
Japanese Tokyo CPI excluding food and energy remained steady in November
Tokyo CPI excluding food and energy remained steady on a YoY basis in Japan in November, at par with market expectations. In the prior month, Tokyo CPI excluding food and energy had registered a rise of 0.10%.
Japanese investors turned net sellers of foreign bonds in the previous week
Japanese investors turned net sellers of ¥260.60 billion worth of foreign bonds in the week ended 18 November 2016, as compared to being net buyers of ¥466.20 billion worth of foreign bonds in the prior week.
Foreign investors became net buyers of Japanese stocks in the previous week
Foreign investors were net buyers of ¥461.70 billion worth of Japanese stocks in the week ended 18 November 2016, from being net buyers of a revised ¥546.00 billion worth of Japanese stocks in the prior week.
Japanese leading economic index eased in September
In Japan, the final leading economic index fell to a level of 100.30 in September. The leading economic index had recorded a level of 100.90 in the prior month. The preliminary figures had recorded a drop to 100.50.
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